Wilmingtonbiz logo
Print
Real Estate - Residential

Developer Shares New Plan For $60M Riverfront Project

By Cece Nunn, posted May 25, 2017
An updated rendering of Pier 33 apartments planned for Wilmington's northern riverfront. (Rendering courtesy of DeWitt Carolinas)
The developer of Pier 33 apartments, a northern riverfront proposal announced in 2014 for downtown Wilmington, shared details this week of the $60 million development’s new plan.

Describing it as unlike any other multi-family project in the Wilmington area, Everett Daniels, president of Raleigh-based DeWitt Carolinas, said instead of a wood-frame building, the Pier 33 apartments’ structure will be made of metal.

“What that does for us is that gives us an institutional-grade building,” he said Wednesday. “It’s a much sounder building, a much more stable building.”

It also allows the company to wrap the entire outside with brick up to its full, six-story height, Daniels said.

The company has resubmitted its Pier 33 plans, which expired after two years of no construction, to the city’s technical review process, reducing the retail space proposed from 32,000 square feet to at least 22,000 square feet and the number of apartments from 305 to 287.

In the latest construction timeline, Daniels said he estimates crews will break ground on the project in the third quarter of this year.

DeWitt Carolinas engaged Washington, D.C.-based RCLCO, a real estate advisory company, to update the plans for Pier 33.

“We’ve worked hand in hand with them based on their input and ours to enhance our riverfront views, enhance our amenities and courtyards to make this building really special,” Daniels said.

A 2,500-square-foot outparcel building on the northern side of the property can hold one or more retail businesses, and will help round out a retail plaza that includes restaurant buildings by the marina, Daniels said. Blackfinn Ameripub, one of the three restaurants at the pier that include an outdoor eatery, is celebrating a grand opening Friday.

The remainder of the Pier 33 apartment building's 22,000 square feet of retail space will be on the first floor of the main structure on the north and south ends.

Pier 33 apartments will take up about 5 acres of the 7-acre tract that DeWitt Carolinas bought from the developers of the Port City Marina in 2014 for a little over $7 million. The land is next to the restaurant and marina complex on Harnett Street and the apartments will overlook the marina.

A parking deck inside the complex will hold more than 500 parking spaces, Daniels said. The current proposal for the building also includes a public bathroom.

For the additional 2 acres that DeWitt Carolinas owns, Everett said the company is evaluating market studies to determine its potential use.

“At this point, our focus is to get Pier 33 out of the ground and under construction,” Daniels said.

The new Pier 33 apartment plans, including the metal frame, come with an additional cost – an increase of $10 million from the original $50 million price tag estimate announced in 2014.

“We’ll finish this building in three phases, and the first phase is set to open late 2018,” Daniels said.

The city's Technical Review Committee is scheduled to discuss the plans at a meeting June 8.

Story On The Map

Join The Discussion

Similar Stories

Ico insights

INSIGHTS

SPONSORS' CONTENT
Bankofamericaderekcohen 122316122315

Future-Proof Your Business: Strategic Tech Investments

Derek Cohen - Bank of America Merrill Lynch
Burrus rob headshot 300x300

The Message In The Stock Market For The Economic Future

Robert Burrus - Cameron School of Business - University of North Carolina Wilmington
Lgoriginalheadshot 311794626

Non-Broccoli Health Ponderings

Laura Greenhow - Summerfield Custom Wellness

Book On Business

Bob2017

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

New Hanover Regional Gets Women’s Choice Award

New Hanover Regional Medical Center was recently named a recipient of the Women’s Choice Award as one of America’s 100 Best Hospitals for Patient Experience.

Lenders Note Rise In Investment Properties

It’s not news that the Wilmington area is seeing a strong demand for home mortgages. What may come as a surprise, though, is the increasing ...

CON Approved For Surgery Centers

Proposed ambulatory surgery centers in two counties have gotten the green light from state regulators. The N.C. Division of Health Service R...

Ico topnews Editor's Picks

Paris Air Show Nets Billions In Sales For GE Aviation

Christina Haley O'Neal - About 5 hours ago

Firm Wins Bid To Buy 17th And 18th Street Lots From ABC Board

Cece Nunn - About 9 hours ago

Mojotone Could Be In New Building By September

Christina Haley O'Neal - Jun 21, 2017 Trending News

Brunswick County Realtors Report Busy May For Home Sales

Cece Nunn - Jun 21, 2017
Insurance Brokers

James E. Moore Insurance Agency, Inc.

The James E. Moore Insurance Agency was founded in 1954 and since that time has continued to be one of the Independent Insurance industry’s leaders in bringing quality products to our clients across t ...more

Ico trending Trending News

County Planning Director Retiring, Heading For Job In Colorado

Cece Nunn - Jun 20, 2017

Green Line Pizza & Steak's New Location Opening Soon

Allison Ballard - Jun 21, 2017

Mojotone Could Be In New Building By September

Christina Haley O'Neal - Jun 21, 2017

New Grant Program Aims To Spur Downtown Investment

Christina Haley O'Neal - Jun 19, 2017

Local Nonprofit Group Holds Community Forum On GenX

Christina Haley O'Neal - Jun 20, 2017

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Wilmington's Most Intriguing People of 2016
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad